Is Gary Gensler’s controversial reign over cryptocurrencies coming to an end? 】
MicroStrategy founder Michael Saylor recently made comments in an interview about people who keep their own Bitcoin private keys, which attracted the attention of the encryption community. He mentioned that holders who choose to keep their Bitcoins themselves and do not trust funds like BlackRock may face higher risks.
Hosted by financial markets expert Madison Reidy, this interview discusses “the myths and risks that hinder Bitcoin adoption.” Reidy noted that during the Great Depression in 1933, the U.S. government required wealthy citizens to turn in their gold and buy it back for $20.67 an ounce. The government then raised the price of gold to $35 and printed more dollars, an aggressive policy at the time.
Saylor said that when Bitcoin is held by a group of "crypto-anarchists" who do not comply with government regulations, tax or reporting requirements, it may increase the risk of confiscation. He emphasized that only "paranoid Bitcoin anarchists" worry about the confiscation of Bitcoin, and believes that the gold in 1933 was not a forced confiscation, but a voluntary surrender. He added that the United States currently has not adopted a Bitcoin standard, so there is no need to worry about Bitcoin being confiscated by the government.
